{"id":280940,"date":"2019-07-09T04:35:47","date_gmt":"2019-07-09T04:35:47","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=280940"},"modified":"2019-07-09T04:35:47","modified_gmt":"2019-07-09T04:35:47","slug":"doubling-down-on-controversial-australian-mine-adani-says-it-is-viable","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/doubling-down-on-controversial-australian-mine-adani-says-it-is-viable\/","title":{"rendered":"Doubling down on controversial Australian mine, Adani says it is viable"},"content":{"rendered":"<p>The Indian billionaire behind the controversial Carmichael coal mine in Australia is hitting back at criticism the endeavor will be both unprofitable and too dirty. <\/p>\n<p>In an interview in New Delhi, Gautam Adani took aim at two major faults opponents have flung at the development: that the mine\u2019s low-quality coal won\u2019t earn enough money to justify his $2 billion investment, and that the world must abandon the fuel in favor of renewable energy to avoid catastrophic climate change. <\/p>\n<p>\u201cIf the project wasn\u2019t viable, we wouldn\u2019t have pursued it,\u201d said Adani, whose net worth of $9.8 billion makes him India\u2019s sixth-richest person, according to the Bloomberg Billionaires Index. \u201cRenewable energy is good for the nation, but it can\u2019t meet our baseload power needs.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian billionaire behind the controversial Carmichael coal mine in Australia is hitting back at criticism the endeavor will be both unprofitable and too dirty. In an interview in New Delhi, Gautam Adani took aim at two major faults opponents have flung at the development: that the mine\u2019s low-quality coal won\u2019t earn enough money to justify his $2 billion investment, and that the world must abandon the fuel in favor of renewable energy to avoid catastrophic climate change. \u201cIf the project wasn\u2019t viable, we wouldn\u2019t have pursued it,\u201d said Adani, whose net worth of $9.8 billion makes him India\u2019s sixth-richest [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,170,130],"tags":[],"class_list":["post-280940","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-coal-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/280940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=280940"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/280940\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=280940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=280940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=280940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}